Service Robotics Market to Exceed US$ 23 Billion by 2022

Service robots are the absolutely self reliant systems which have the ability to perform the services without or with human help. They are utilized in distinctive sectors supporting human in acting duties that are not possible for people to carry out. The service robots are segmented into professional and provider robots based totally on their product kinds. The expert robots are used for business purpose whereas private robots are used for home uses. They’re used in lots of sectors and one of the most crucial areas of software is the scientific area and defense. They’re used to help human in performing duties that are not feasible for human beings to perform. Service robots have witnessed huge popularity among various expert and private applications owing to benefits consisting of more advantageous usability, shipping of accurate and exceptional offerings, reliability, and reduced operational expenses and human errors. Expert carrier robots are employed in diverse industries including healthcare, defense and safety, agriculture, forestry, logistics, construction, and professional cleansing among others, while private service robots are used for home and amusement purpose.

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The Global service robotics Market is expected to exceed more than US$ 23 Billion by 2022 and will grow at a CAGR of more than 15% in the given forecast period.

The scope of the report includes a detailed study of global and regional markets for Global Service Robotics Market with the reasons given for variations in the growth of the industry in certain regions.

Table of Contents

1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Evolution
5.2.1 Pre-1950:Beginning of Robotics
5.2.2 1950–1970: Introduction of Mobile Robots
5.2.3 1970–1990: Developments in Service Robotics
5.2.4 1990–2010: Further Explorations
5.3 Market Segmentation
5.3.1 Market, By Operating Environment
5.3.2 Market, By Application
5.3.3 Market, By Geography
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Short- to Medium-Term Payback Period and High Return on Investment (ROI)
5.4.1.2 Increasing Usage of Robots in Several Sectors Such as Education & Research, Telepresence; Defense, Rescue & Security, Among Others
5.4.1.3 Rising Demand for Mobile-Robotic Solutions in Warehouse Automation and Logistics Sector
5.4.1.4 High Demand From the Medical and Healthcare Sector
5.4.2 Restraints
5.4.2.1 High Initial Costs and R&D Expenses
5.4.2.2 Performance in Untested Environment and Lack of High Level Interfacing
5.4.3 Opportunities
5.4.3.1 Growing Demand for Drones From Military and Non-Military Applications
5.4.3.2 Increase in Aging Population Would Encourage Rehabilitation of Robots
5.4.3.3 Growth Potential Across Developing Nations
5.4.3.4 Persistent Requirement of Technologically Advanced Service Robots, Especially for Defense, Rescue and Security Verticals
5.4.4 Challenges
5.4.4.1 Safe Operations While Working Along With Humans
5.4.4.2 Longer Time to Commercialize the Robots
6 Industry Trends
7 Service Robotics Market, By Operating Environment
8 Service Robotics Market, By Application
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
11.1 Northrop Grumman Corporation
11.2 KUKA AG
11.3 IRobot Corporation
11.4 Kongsberg Maritime AS
11.5 DJI
11.6 Intuitive Surgical, Inc.
11.7 Parrot SA
11.8 Geckosystems Intl. Corp.
11.9 Honda Motor Co., Ltd.
11.10 Adept Tecnology, Inc.
11.11 Bluefin Robotics
11.12 ECA Group
11.13 Aethon Inc.
11.14 Delaval International AB
11.15 Lely Holding S.A.R.L.

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